Fuller’s splashes out to boost London portfolio October 24, 2011 FULLER, Smith & Turner is paying £16m for five pubs as it moves to boost its estate in time for the Olympics next summer. Fuller’s is buying The Wellington at Waterloo, The Pavilion End and Bluu in the City, The Hand & Flower in Kensington Olympia and the Red Lion Hotel in Wendover, Bucks The [...]
Fuller, Smith & Turner in £16m expansion October 24, 2011 Fuller, Smith & Turner is paying £16m for five pubs as it moves to boost its estate in time for the Olympics. Fuller is acquiring The Wellington at Waterloo, The Pavilion End and Bluu in the City, The Hand & Flower in Kensington Olympia and the Red Lion Hotel in Wendover, Bucks The seller is [...]
Kesa mulls move to quit London listing October 23, 2011 KESA Electricals is considering quitting the London Stock Exchange in favour of a Paris listing once it has sold its troubled Comet business. Moving the group to France would help it to avoid constant comparisons with Britain’s retail sector, a shift some major shareholders would view as beneficial. It could also change its name to [...]
CITY MOVES | WHO’S SWITCHING JOBS October 23, 2011 Little Chef The roadside chain has appointed Graham Sims as its new chairman. Sims is currently chief executive of Qunatilis, a non-executive board member at the UK Border Agency, and chairman of Kensington Consultancy Group. Earlier in his career, he spent seven years at BP, rising from operations manager for Portugal to UK retail managing [...]
Angels will help show the City’s power to all October 23, 2011 AS THE geographic and financial heart of London, protests have been part of the Square Mile’s history ever since the settlement was first founded. So while demonstrators pitching their tents outside St Paul’s Cathedral may make for an eyesore – and pose considerable logistical and environmental challenges – it is important these alternative views are [...]
Mifid to hit UK’s overseas investments October 20, 2011 WALLS are going up around the EU’s financial markets, with monitored gateways only allowing access to agreed participants, according to critics of the Markets in Financial Instruments Directive (Mifid2) proposals, which were published yesterday. Commissioner Michel Barnier told a press conference that the EU is willing to negotiate with other countries on financial rules, particularly [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 20, 2011 FINANCIAL TIMES EU PUTS BANKS’ SHORTFALL AT JUST €90BN Europe’s grand plan to strengthen its banking system is set to fall well short of current market expectations identifying a capital shortfall of less than €100bn (£87bn) that must be made up over the next six to nine months, according to the latest official estimates. The EU’s [...]
Eurozone wrangling sucks life out of markets October 20, 2011 European markets saw confidence ebb away this morning as continuing wrangling over the Eurozone bailout fund took its toll. Optimism had been growing that the weekend meeting of European Union leaders in Brussels would come up with a substantial plan for dealing with the debt crisis, primarily through ramping up the bloc’s bailout mechanism, the [...]
Sports Direct profits up as it eyes 2012 boost October 20, 2011 SPORTS Direct, Britain’s biggest sporting goods retailer, said revenues rose in recent weeks and added it is looking to events such as next year’s London Olympics to keep sales rolling in 2012. The firm, controlled by Newcastle United owner Mike Ashley, said total sales rose 11.5 per cent for the nine weeks to 25 September [...]
CITY MOVES | WHO’S SWITCHING JOBS October 18, 2011 Cushman & Wakefield The global property consultant has appointed Michael Lindsay as a partner and head of its EMEA corporate finance team in London. Lindsay was formerly a partner and UK head of corporate finance at KPMG, and director in Citigroup’s real estate and lodging investment banking team. Signia Wealth Etienne de Merlis has been appointed [...]